Merkel and Sarkozy rule out talks on eurobonds

German Chancellor Angela Merkel and French President Nicolas Sarkozy will not
discuss the controversial question of eurobonds when they meet on Tuesday to
discuss the eurozone crisis, spokesmen for both governments said on Monday.

German and French governments said the controversial issue of eurobonds will not be raise at Tuesday's summit. Photo: AP

12:50PM BST 15 Aug 2011

"Eurobonds will play no role in the talks," government spokesman Steffen Seibert said.

"The German government does not consider it worthwhile talking about eurobonds at the present time," he said, adding that Germany does not believe this is "the right way" to go to help solve the eurozone crisis.

Markets in Britain and France pared gains after the comments, those in Spain fell, while German stocks rose. Italian markets are closed today.

Mr Sarkozy's office said eurobonds, which have been touted as a solution to the eurozone crisis, are not on the agenda.